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Is Roberto Cavalli’s Sale Off?

IT MAY not have been the most straightforward fashion buyout (if such a thing exists), but the sale of the Roberto Cavalli label is still on the cards, sources close to the deal say. The Italian label is said to be narrowing its list of suitors, which have been plentiful and varied, but is still to find the one.

Both Permira and Investcorp - which were said to be vying for the brand's affections earlier this year - have reportedly ruled themselves out of the running, with the valuation of the house said to be one of the stumbling blocks. Qatar Holding which has also been linked with the deal, WWD reports, has not yet registered its retirement from the race, but there may also be other potential buyers which are keeping a low profile.

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It's not the first time that Cavalli has proved too costly for hopeful investors, with a sale previously abandoned in 2009 when agreement could not be reached on its value between management and interested parties. Permira is thought to have valued the brand at around €450 million during the latest round of negotiations, although figures up to €1 billion have been mooted in the past.